A cash advance from tomorrow’s rent in your bank account today
Sometimes as a property owner you may need access to a quick cash advance. RentAdvance™ offers up to 12 months cash advance on your rental income.
- Invest in another property
- Refurbish or renovate
- Prepay interest on the mortgage
- Urgent or unexpected repairs and maintenance on your property
- Keep the cash flow going during a vacancy or rental dispute
- A gap between tenants
With RentAdvance you can access up to 12 months rent in advance on your residential property investment.
If you’re an existing Aquilo customer there are no establishment fees, which means the cash advance could be in your bank account within 24 hours of approval*.
How RentAdvance works
Over the next 6 to 24 months, we share the rental income with you until the cash advance amount, including any fees is paid in full.
Best of all, if you’re an existing Aquilo customer, the normal establishment fee is waived, potentially saving you thousands.
All our solutions go hand in hand
RentSure
Ensure you receive a reliable and consistent rental income from your property.
RentFlow
Minimise cash flow disruption associated with vacancy or tenant defaults.
Aquilo is powered by PropPay
Aquilo is powered by PropPay
RentAdvance example
- You are currently receiving $6,000 a month from your tenant.
- You have urgent repairs on your property and need access to $30,000, which is equivalent to five months rent.
- You look at your cash flow and decide you need at least $3,000 a month coming in from your tenant which means you can afford $3,000 a month to repay the RentAdvance.
- This means that over the next 12 months, you will retain $3,200 a month while repaying $2,500 a month towards the $30,000, plus a monthly service fee of $300.
- The total cost of receiving the lump sum is $3,600 ($300 x 12 months) which is equal to 12% on the lump sum or just over 2 weeks rent.
The details
To receive the lump sum, you will be required to enter into an agreement with PropPay, the provider of the funds.
PropPay is a wholly Australian owned organisation that specialises in Real Estate funding solutions for property investors in the Residential and Commercial sectors.